The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Edison, NJ 08817's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 08817 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,449 to a high of $1,771, with an average of $1,610.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,629, a maximum of $1,991, and an average of $1,810.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,052, peaking at a maximum of $2,508, and averaging at $2,280.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,484, a maximum of $3,036, and an average of $2,760.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,736 to a maximum of $3,344, with an average of $3,040.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Edison, NJ 8817 Low Rent (90%) $1,449 $1,629 $2,052 $2,484 $2,736
Average Rent $1,610 $1,810 $2,280 $2,760 $3,040
High Rent(110%) $1,771 $1,991 $2,508 $3,036 $3,344
2023 Edison, NJ 8817 Low Rent (90%) $1,233 $1,404 $1,773 $2,160 $2,385
Average Rent $1,370 $1,560 $1,970 $2,400 $2,650
High Rent (110%) $1,507 $1,716 $2,167 $2,640 $2,915
2022 Edison, NJ 8817 Low Rent (90%) $1,197 $1,368 $1,737 $2,151 $2,394
Average Rent $1,330 $1,520 $1,930 $2,390 $2,660
High Rent(110%) $1,463 $1,672 $2,123 $2,629 $2,926
2021 Edison, NJ 8817 Low Rent (90%) $1,134 $1,296 $1,656 $2,070 $2,358
Average Rent $1,260 $1,440 $1,840 $2,300 $2,620
High Rent (110%) $1,386 $1,584 $2,024 $2,530 $2,882
2020 Edison, NJ 8817 Low Rent (90%) $1,143 $1,332 $1,701 $2,142 $2,475
Average Rent $1,270 $1,480 $1,890 $2,380 $2,750
High Rent(110%) $1,397 $1,628 $2,079 $2,618 $3,025
2019 Edison, NJ 8817 Low Rent (90%) $1,134 $1,350 $1,728 $2,187 $2,574
Average Rent $1,260 $1,500 $1,920 $2,430 $2,860
High Rent (110%) $1,386 $1,650 $2,112 $2,673 $3,146


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